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Speaker 3: Earners, what's going on? You are now locked in the

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Speaker 3: cliff notes, the number one place for investment strategies tips

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Speaker 3: and invite the.

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Speaker 4: Other cryptos which are fascinating to me right now? Are these?

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Speaker 1: So?

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Speaker 4: Originally we had the bitcoin ecosystem and the etherym ecosystem

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Speaker 4: and everything's being built on mostly ethereum, and all of

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Speaker 4: a sudden, the guy from binance cz said, I'm going

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Speaker 4: to create my own ethereum right binance Smart Shaine and

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Speaker 4: a guy from Korea named do Quon, I'm going to

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Speaker 4: create the Terror network. And now Sam Bankman freed from FTX,

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Speaker 4: I'm creating Solana, and they're building many ethereums competitors that

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Speaker 4: are not nearly as decentralized as ethereum, but they're faster.

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Speaker 4: And you know, you look at the TV. You look

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Speaker 4: at the TV. You don't know what's behind the TV,

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Speaker 4: right Who in the hair cares what's behind the TV?

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Speaker 2: How it works?

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Speaker 4: We just turn it on. We're like good TV. And

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Speaker 4: so there is a debate will consumers care how decentralized

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Speaker 4: the blockchains are? Right now they're just saying, hey, is

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Speaker 4: the consumer interface is the is the user experience sexy

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Speaker 4: and good? And so you're seeing these new ecosystems explode north.

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Speaker 4: That's money coming from bitcoin and the theory him into

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Speaker 4: the salonic ecosystem, you know, the sam bankman freedz Parah.

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Speaker 4: I bought this coin Luna five months ago at like

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Speaker 4: twenty seven cents and it's now eighteen dollars. Yeah. You

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Speaker 4: don't have a lot of those in your life. Yeah, yeah,

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Speaker 4: to kiss your wife and muyron dog from Korea, which

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Speaker 4: I actually did. I bought my wife and dog from

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Speaker 4: Korea literally literally. And so you know, I think listen

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Speaker 4: that the macro markets have never been more interesting, and

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Speaker 4: crypto is macro on steroids right now, and so it's

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Speaker 4: a fascinating time to be a trader. It's really volatile,

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Speaker 4: and so you can't say, well, so volved, I lost

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Speaker 4: all my money. No, you have to adjust your position sizes.

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Speaker 4: And so if you're used to taking a ten unit

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Speaker 4: S and P position which trades at twenty vall, and

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Speaker 4: you're trading bitcoin at eighty ball, you should take a

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Speaker 4: two and a half unit bitcoin position, right, And it's

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Speaker 4: just the math. You don't have to be a crazy

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Speaker 4: kamakazi in volatility just because you're trading crypto. You just

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Speaker 4: have to adjust your sizes so you preserve your capital.

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Speaker 4: Like I think, bitcoin is a core part of your portfolio.

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Speaker 4: It's got a purpose. It's going to be around for

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Speaker 4: a long period of time. Every institution I know is

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Speaker 4: buying something. It's basically digital goal. Ethereum is most likely

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Speaker 4: the winner of the decentralized supercomputer that powers all these

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Speaker 4: new businesses, all these new ecosystems, but it might not

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Speaker 4: be the winner, right. I'm also invested in a thing

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Speaker 4: called Diffinity, which is going to launch in about a week.

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Speaker 4: They want to be participant in that Solana like I

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Speaker 4: talked about Para, There's all these other ecosystems like ethereum

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Speaker 4: trying for the same thing. Then there's DeFi. These DeFi

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Speaker 4: points trade like equities in some ways. They have a dividend,

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Speaker 4: you can you can think of it like a dividend.

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Speaker 4: The more the more use they get, the more business

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Speaker 4: money they're gonna they're gonna make, the higher the token

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Speaker 4: is gonna go up. And so I look at those

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Speaker 4: three buckets and say, if you're not in that bucket,

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Speaker 4: you're just you're you're literally like a Ponzi game. And

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Speaker 4: so light coin BSV, you know, bitcoin cash, bitcoin whatever,

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Speaker 4: that bs the other, bitcoin x RP. Those are all

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Speaker 4: blowney coins And doesn't mean you can't make money. And

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Speaker 4: I'm because every once in a while the market gets

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Speaker 4: hot and you know, people like, oh that hasn't moved yet,

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Speaker 4: let me buy it, and they pull your friends in.

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Speaker 4: It's a little bit like it's a little bit like

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Speaker 4: that that game. Stop. They're mean coins and you can

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Speaker 4: get your head ripped off being short. And so I

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Speaker 4: would not advocate for the non professionals to be short.

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Speaker 4: And if you're short things, you want to short them

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Speaker 4: after they've taken out everyone out. Everyone else right.

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Speaker 3: Can ask you about because you said those are bs coins.

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Speaker 3: But what about like a stable coin, almost like a tether.

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Speaker 3: And I'm thinking in a sense of if we see

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Speaker 3: bitcoin go from sixty four to fifty eight, is it

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Speaker 3: a wise move to say, all right, I'll take some

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Speaker 3: of my investment, put it in tether because it's stable,

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Speaker 3: and then reinvest when I feel like the trend is

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Speaker 3: going back up. Is that a strategy that can use?

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Speaker 4: No, So listen, I think tether or USDC, you know,

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Speaker 4: a circle stable coin, any of the stable coins are

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Speaker 4: fine places to part. They're basically just it's like it's

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Speaker 4: the same as putting in back in dollars, but you're

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Speaker 4: not having to take it out of the crypto ecosystem,

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Speaker 4: right right, And so yeah, I think it's a perfectly

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Speaker 4: good idea when you want to take chips off the table,

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Speaker 4: to leave them with the crypto ecosystem so you don't

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Speaker 4: have to go through your bank and put them back in.

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Speaker 4: And so we trade a lot of USDC, we trade

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Speaker 4: some tether. You know, there used to be a concern

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Speaker 4: about is tether real or not. It's the test of

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Speaker 4: time enough people believe it's back one to one, that

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Speaker 4: it's going to hold hold one to one I wouldn't.

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Speaker 4: If I had to leave money for a long period

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Speaker 4: of time, I'd rather leave it in USDC than tether,

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Speaker 4: even though it's the saving erness.

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Speaker 3: What's up? You ever walk into a small business and

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Speaker 3: are digital, tipping is a breeze, and you're out the

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Speaker 3: all from one simple system. If you're a business owner

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Speaker 1: to indeed dot com slash pod katz thirteen right now

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Speaker 1: and support our show by saying you heard about Indeed

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Speaker 1: all you need.

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Speaker 4: Exact thing, but pretty much that's just a dollar. And

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Speaker 4: I tell you what's going to happen next year, in

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Speaker 4: the year after, in the year after, they're gonna be

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Speaker 4: more and more of these stable coins. A matter of fact,

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Speaker 4: we're gonna be buying pizzas with stable coins. Mark my word.

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Speaker 4: Facebook's new project. It's called Dim like Carpe dim or

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Speaker 4: per diem DM. They used to call it Libra. All

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Speaker 4: it is is a dollar stable point and you're gonna

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Speaker 4: get a o V wallet, so everyone's gonna have their

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Speaker 4: own Facebook Messenger. And you want me to send you

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Speaker 4: money instead of going to the bank, I'm just gonna

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Speaker 4: like venmo, but it's instead of venmo controlling it. This

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Speaker 4: is gonna leave my wallet and go to your wallet,

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Speaker 4: and it could go overseas and it could be ten

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Speaker 4: thousand dollars, not fifteen hundred. It could be one hundred

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Speaker 4: thousand dollars. And so the world is going to move

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Speaker 4: on to wallet's, not bank accounts. I'm long Facebook stock.

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Speaker 4: One of my favorite trades this year is I sold

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Speaker 4: a shackload of call options on Game Stop because the

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Speaker 4: ball was so stupid, and I bought Facebook stock and

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Speaker 4: Facebook calls and I bought it because I know sometime

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Speaker 4: in this next half year, they're gonna come out with

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Speaker 4: this crypto wallet called nov unfortunately not named after me,

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Speaker 4: with the Gnobe wallet, and they're gonna have and all

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Speaker 4: of a sudden, you're gonna have twenty five hundred, two

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Speaker 4: and a half billion people with access to crypto on

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Speaker 4: their wallet. And Facebook all of the son is gonna

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Speaker 4: get a little bit of a crypto. You know, you're

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Speaker 4: gonna put them in your crypto basket, and so Facebook's

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Speaker 4: going from three hundred to four hundred.

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Speaker 5: I think I hope quol question for you, speaking of conspiracies,

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Speaker 5: what do you think of Peter Tio's comments about bitcoin

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Speaker 5: being equivalent to like financial terrorism because it may be

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Speaker 5: backed by China.

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Speaker 4: And I know Peter Well. I first met him back

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Speaker 4: will We both had big hedge funds No. Six. I

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Speaker 4: partner with them on a lot of things. He likes

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Speaker 4: to be provocative, that's his brand. He likes to say

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Speaker 4: ship that everyone says what. He's very smart. He owns

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Speaker 4: a lot of bitcoin, he owns positions and companies that

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Speaker 4: you know, participate in the ecosystem, and so he's a

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Speaker 4: bull in the space. The stable coin war will be

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Speaker 4: a war. It's not gonna be a bitcoin war. It's

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Speaker 4: a war between China stable coin, the US stable coin.

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Speaker 4: Europe's going to have one. I was on with the

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Speaker 4: central bank governor Brazil. They're going to have one. Every

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Speaker 4: one of these countries is gonna have stable poin. It

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Speaker 4: really only matters US China. Right, we're the reserve currency

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Speaker 4: of the world right now. In order to be the

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Speaker 4: reserve currency of the world, traditionally you had to have

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Speaker 4: the strongest navy, right the Brits had, you know, the

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Speaker 4: pound used to be the reserve currency, and all of

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Speaker 4: a sudden, the daughar became most countries only keep the

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Speaker 4: reserve currency status for about one hundred years or about

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Speaker 4: the end of our life in that zone. And so

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Speaker 4: but why is it important, Well, we have these gigantic deficits,

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Speaker 4: so we want everyone to buy dollars, right, how are

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Speaker 4: we going to fund these huge deficits. We fund them

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Speaker 4: by people overseas buying the dollar, buying our bonds. And

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Speaker 4: so if China becomes the reserve currency, if people start saying, hey,

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Speaker 4: what's the gallon the oil, what's a barrel of oil?

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Speaker 4: And oh, it's in rem MB nine dollars, like right now,

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Speaker 4: anywhere you go in the world, you ask how much

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Speaker 4: he's worth. He said, Well, I'm worth a million dollars,

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Speaker 4: I'm worth four and a million, I'm worth ten million.

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Speaker 4: They never tell you I'm worth fifty rai or you know,

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Speaker 4: one to have a million euros or right, everyone thinks

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Speaker 4: of the base currency in dollars. That's because we're the

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Speaker 4: reserve currency. That's a huge advantage for the United States

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Speaker 4: of America. And so for us to lose that, you know,

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Speaker 4: war with China, who's way ahead in the stable coin,

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Speaker 4: would be a tragedy. And the government now knows that.

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Speaker 4: And so I think you're going to see an acceleration.

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Speaker 4: Bitquin is a bit quin is kind of a flaw

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Speaker 4: in that hole, you know, in that room of negotiation,

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Speaker 4: because what bitcoin is telling governments is, dude, you guys

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Speaker 4: are doing such a shitty job with your budget deficits.

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Speaker 4: You are printing money. My mother used to say, money

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Speaker 4: doesn't grow on trees. Right now, money is growing on trees.

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Speaker 4: Let's make college free, right I think they probably should

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Speaker 4: make costs for Let's pay off your student debt. I

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Speaker 4: will pay it on it.

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Speaker 2: Let's just keep.

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Speaker 4: Pumping in more and more money. Let's go to war again.

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Speaker 4: Like the amount of money are government spending. We don't

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Speaker 4: have that. And so bitcoin is like a report card

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Speaker 4: on how the government's doing. Bitcoin's going up because people say, shit,

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Speaker 4: there's a chance, not a it's not the predominant probability,

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Speaker 4: but there's a possibility that is growing that you know,

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Speaker 4: we ship the bed that the US yield curve and

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Speaker 4: dollar looks like what happened in Germany the at the

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Speaker 4: beginning of the century, or what's happened in venezuel lower.

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Speaker 4: And we're like, that could never have been here, and

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Speaker 4: most likely it will never happen here. But man, the

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Speaker 4: chance is hired today than it's ever been in my life. Again,

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Speaker 4: I don't think it's a forty percent chance, but as

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Speaker 4: it goes from a zero percent chance to a five

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Speaker 4: percent chance to a ten percent chance, people want insurance,

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Speaker 4: and bitcoin is insurance. And the governments know that.

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Speaker 6: My graduates from my school being false bad drop bag

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Speaker 6: Drop Mike drop bad.

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Speaker 5: Drop Drops.

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Speaker 3: Here a more extended conversation. Make sure to check out

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Speaker 3: our live YouTube show market Mondays every Monday eight pm

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Speaker 3: Easter Standard time, seven pm Central, and check out the

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Speaker 3: Market Monday's podcast on iHeart, Spotify, Apple or wherever you

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Speaker 3: download your podcast.

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Speaker 6: Now my graduates from my school being false bad drop

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Speaker 6: banks rap, oh my draft bang drops.

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